Japan Urges IEA to Prepare for Second Emergency Oil Release

Japan’s Prime Minister Sanae Takaichi on Wednesday asked the head of the International Energy Agency (IEA) to be ready for an additional release of oil stocks from reserves if it…

Valero Prepares Restart of Port Arthur, Texas Oil Refinery After Blast, Sources Say

(Reuters) – Valero Energy Corp is preparing to restart its 380,000 barrel-per-day (bpd) Port Arthur, Texas, oil ​refinery this week after shutting the plant on ‌Tuesday following an explosion and…

Oil Falls as Reports of 15-Point Proposal Spurs Ceasefire Hopes

Summary Trump cites progress with Iran, US proposes plan to end war Iran tells UN ‘non-hostile’ ships can transit Strait of Hormuz Saudi hikes Yanbu exports to work around Hormuz…

BlackRock CEO Fink Warns of ‘Global Recession’ if Oil Goes to $150, BBC Reports

(Reuters) – BlackRock CEO Larry Fink said oil prices could reach $150 a barrel and cause a “global recession” if Iran “remains a threat” even after the war ends. “If…

Iran Rejects USA Peace Plan

(Update) March 25, 2026, 3:24 PM GMT: Article updated with Iran’s conditions in third paragraph. Iran said it rejected a US ceasefire proposal and maintained attacks on Israel and Gulf Arab…

India Targets Import Cuts With Historic Oil and Gas Drilling Campaign

India’s ONGC plans to invest between $18 and $20 billion on new oil and gas drilling to strengthen the country’s energy security, the Economic Times has reported, citing unnamed sources.…